UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 5.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,825,046 shares of the semiconductor company’s stock after selling 480,378 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.97% of Texas Instruments worth $2,630,481,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in TXN. BlackRock Inc. acquired a new position in shares of Texas Instruments during the second quarter valued at approximately $24,607,313,000. Bank of New York Mellon Corp acquired a new stake in shares of Texas Instruments in the second quarter worth approximately $4,488,666,000. Norges Bank purchased a new stake in shares of Texas Instruments during the fourth quarter worth approximately $2,516,628,000. Bank of America Corp DE acquired a new position in Texas Instruments in the 2nd quarter valued at $3,700,842,000. Finally, Primecap Management Co. CA acquired a new position in Texas Instruments in the 2nd quarter valued at $2,538,063,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Stock Performance
Shares of Texas Instruments stock opened at $258.64 on Friday. The firm has a market cap of $236.20 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 1.01 and a beta of 1.33. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. The business’s fifty day simple moving average is $285.30 and its 200-day simple moving average is $260.06.
Texas Instruments Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments’s payout ratio is 86.45%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on TXN. Sanford C. Bernstein lifted their target price on shares of Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. Truist Financial boosted their price target on shares of Texas Instruments from $278.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Weiss Ratings upgraded Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Mizuho lifted their price objective on Texas Instruments from $300.00 to $305.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Finally, Zacks Research raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $312.12.
Check Out Our Latest Analysis on TXN
Texas Instruments Profile
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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